• Home
  • New to RX Wealth? Start Here
  • About
    • About
    • Who We Serve
    • Rx Wealth Plan
    • How We Do It
    • Physician Wealth Management Framework
  • Insights
  • Clients
  • Contact
  • Skip to main content
  • Skip to footer
Rx Wealth Advisors

Rx Wealth Advisors

Physician-Focused Firm

New to RX Wealth? Start Here

  • Home
  • About
    • Who We Serve
    • Rx Wealth Plan
    • How We Do It
    • Physician Wealth Management Framework
  • Insights
  • Clients
  • Contact

Insights

Get Your Financial Health Back in Shape

11 Recommendations to Position Your Business or Practice for a Successful Sale

11 Recommendations to Position Your Business or Practice for a Successful Sale

Posted on February 28, 2023

When you’re ready to sell your business or practice, take these steps to position it for the highest possible value.

Read More

What Is the Best Entity to Run My Business?

What Is the Best Entity to Run My Business?

Posted on February 1, 2023

While not a replacement for professional advice, this overview of the common business entities can help you choose the right one for your new business.

Read More

The Numbers to Know to Maximize Your 2023 Retirement Contributions

The Numbers to Know to Maximize Your 2023 Retirement Contributions

Posted on January 5, 2023

The IRS has recently released retirement contribution limits. Here’s a rundown of the numbers.

Read More

2022 Tax Planning Opportunities

2022 Tax Planning Opportunities

Posted on December 6, 2022

Before the year ends, consider putting these tax planning opportunities to work to help you lower your tax burden.

Read More

Understanding Emotions During Volatile Markets

Understanding Emotions During Volatile Markets

Posted on December 4, 2022

Emotions can be useful, but they can also get you in trouble. As an investor, fear can cause you to make mistakes. Learning to put them in the proper perspective can help.

Read More

Investing Through Tough Times

Investing Through Tough Times

Posted on November 28, 2022

Jumping in and out of the market could cause a difficult year for your portfolio to become a tragic year for your portfolio.

Read More

Open Q&A for Physicians & Healthcare Professionals

Open Q&A for Physicians & Healthcare Professionals

Posted on November 23, 2022

In this open Q&A webinar session, Chris Roe answers questions he received from participants about investing, tax planning, inflation, and more.

Read More

Is Your IRA Creditor Protected?

Is Your IRA Creditor Protected?

Posted on October 1, 2022

In a recent Florida legal case, a debtor’s IRA assets were ruled to be fair game to creditors. Learn why and what you can do to protect your own IRA.

Read More

Growing Your Wealth: 11 Survival Tips for New Physicians

Growing Your Wealth: 11 Survival Tips for New Physicians

Posted on September 1, 2022

As a new physician, you face different challenges than other professionals when it comes to building wealth. These 11 strategies can help.

Read More

9 Myths Doctors Buy Into When Becoming Independent Contract Physicians

9 Myths Doctors Buy Into When Becoming Independent Contract Physicians

Posted on July 25, 2022

When considering becoming an independent contract physician, there are several common myths that doctors tend to buy into.

Read More

Does Spending Imply Wealth?

Does Spending Imply Wealth?

Posted on July 1, 2022

What do your beliefs about how wealthy individuals spend their money say about your own spending habits? The answer might surprise you.

Read More

Should I Hire My Child in My Physician Practice?

Should I Hire My Child in My Physician Practice?

Posted on June 1, 2022

As a practice-owning physician, what a great opportunity you have to employ your child in your practice! Employment helps develop life skills, such as responsibility, work ethic, and money management, while simultaneously providing you with some income tax benefits.

Read More

Advice for Physicians: Should You Prioritize Investing or Paying Off Debt

Advice for Physicians: Should You Prioritize Investing or Paying Off Debt

Posted on January 3, 2022

From student loans to business startup costs, it’s expensive to become a doctor and run your own practice. Realizing the full return on your investment often takes time. So if you are struggling to decide whether to focus on paying debt down aggressively or investing more money for the future, you’re not alone.

Read More

Benefits of Becoming an Independent Contract Physician

Benefits of Becoming an Independent Contract Physician

Posted on December 1, 2021

As an independent contractor physician, you take on the responsibility of taxes, insurance, and more - but the advantages often make it worthwhile.

Read More

Practice-Owning Physicians: Beware of This Retirement Tax Trap

Practice-Owning Physicians: Beware of This Retirement Tax Trap

Posted on November 1, 2021

There’s a major retirement plan issue many physician business owners overlook. Be sure you understand these rules about controlled groups and retirement plans.

Read More

A Physician’s Dilemma: Do I Need a Prenuptial?

A Physician’s Dilemma: Do I Need a Prenuptial?

Posted on September 1, 2021

Asking for a prenuptial agreement can be frowned upon, but it’s really an opportunity to negotiate your marriage contract without the stress and emotional turmoil of divorce.

Read More

How Independent Contract Physicians Can Supercharge Their Retirement Savings

How Independent Contract Physicians Can Supercharge Their Retirement Savings

Posted on August 2, 2021

Have you considered that you might not be in the retirement plan that gives you the best benefit? As an independent contract physician, you need to think about and plan for your own retirement. Because of your time in medical school, you naturally got a later start at building wealth than other professionals.

Read More

How Does the Biden Tax Plan Affect a Physician’s Wealth?

How Does the Biden Tax Plan Affect a Physician’s Wealth?

Posted on June 30, 2021

Are you worried that Biden’s tax plan will get passed by Congress? If not, you should be, as most physicians will see their take-home earnings decrease significantly.

Read More

Chris Roe, CPA, PFS Recognized by Five Star Professional As a 2021 Five Star Wealth Manager

Chris Roe, CPA, PFS Recognized by Five Star Professional As a 2021 Five Star Wealth Manager

Posted on June 7, 2021

Chris Roe, CPA, PFS was recently awarded the Five Star Wealth Manager Award for outstanding service by Five Star Professional, a Minnesota-based market research company. This is his seventh time receiving the award, which is granted annually.

Read More

Simple and Practical Wealth Building Advice for Physicians

Simple and Practical Wealth Building Advice for Physicians

Posted on June 1, 2021

As a physician seeking to create wealth, there are some important points you should consider while focusing on long-term investing and goals.

Read More

The Missing Framework Required to Build Wealth as a Physician

The Missing Framework Required to Build Wealth as a Physician

Posted on May 3, 2021

Advanced planning using the right framework is the key for physicians to grow their wealth and achieve their goals.

Read More

Is Your Financial Advisor Taking Your Vitals?

Is Your Financial Advisor Taking Your Vitals?

Posted on April 1, 2021

Many advisors start their interaction with potential clients by asking about their goals. But while understanding a client’s goals is essential when forging a long-term relationship, it is not the critical first step.

Read More

Your 2021 Tax Filing Season To-Do List

Your 2021 Tax Filing Season To-Do List

Posted on February 16, 2021

Tax season can be stressful. Keep things simple with this 2021 tax season to-do list.

Read More

Capital Gains & A Physician’s Taxes: A Brief (But Important!) Guide

Capital Gains & A Physician’s Taxes: A Brief (But Important!) Guide

Posted on January 6, 2021

Capital gains taxes apply to more than stocks. And the amount you pay will depend on a variety of factors. Here's how capital gains taxes work and a few methods you can use for reducing them.

Read More

Donating to Your Favorite Charity This Holiday Season, Doctors? Keep This CARES Act Tax Benefit in Mind

Donating to Your Favorite Charity This Holiday Season, Doctors? Keep This CARES Act Tax Benefit in Mind

Posted on December 16, 2020

The CARES Act was passed nearly eight months ago, but there's one benefit you may have overlooked. As you give to your favorite organizations this holiday season, keep this important change in mind.

Read More

Are you an MD? Then These 5 Things Should Factor Most When Creating Your Financial Plan

Are you an MD? Then These 5 Things Should Factor Most When Creating Your Financial Plan

Posted on November 10, 2020

As a doctor, there are specific financial concerns you face. From paying back thousands in student loan debt to finding the right financial partner, here are 5 key components that should make up your financial plan.

Read More

Working With a Physician-Friendly Advisor Is Crucial for Doctors. 4 Signs to Look For When Choosing an Advisor

Working With a Physician-Friendly Advisor Is Crucial for Doctors. 4 Signs to Look For When Choosing an Advisor

Posted on October 6, 2020

$192,000... No it's not the price of a home, it's how much debt medical students graduate with on average. If you're a doctor looking to tackle your student loan debt and other financial goals, here are a few things to look for when searching for an advisor.

Read More

As a Physician, Is It Better to Have Kids Earlier or Later in Life?

As a Physician, Is It Better to Have Kids Earlier or Later in Life?

Posted on September 1, 2020

As a physician, are you thinking about having children? A kid will set you back around $233,000. Is it better to make that financial commitment now or later?

Read More

Physicians, 4 Tips To Discuss With Your College-Bound Child

Physicians, 4 Tips To Discuss With Your College-Bound Child

Posted on August 4, 2020

College is an exciting time but it's also a time for learning, learning how to budget. Help your college-bound children learn the importance of finance with these 4 tips.

Read More

8 Ways Highly Successful Physicians Set And Achieve Goals

8 Ways Highly Successful Physicians Set And Achieve Goals

Posted on July 31, 2020

Physicians, you are 42% more likely to achieve your goals by simply writing them down. Learn this and 7 more tips to achieving even your hardest goals.

Read More

7 Cardinal Sins of Investing – Are You Committing Any of These?

7 Cardinal Sins of Investing – Are You Committing Any of These?

Posted on June 23, 2020

Many investors commit what Rx Wealth calls the 7 Cardinal Sins of Investing. Are you one of them? You should familiarize yourself with these investment sins in order to avoid.

Read More

Six 2020 Tax Code Changes: What Doctors Need to Know

Six 2020 Tax Code Changes: What Doctors Need to Know

Posted on June 9, 2020

In recent months, doctors have experienced major events that will change the complexion of their 2020 taxes. Make sure to spend time planning your 2020 taxes as you surely do not want to miss out on the many tax savings opportunities and overpay tax.

Read More

4 Step Guide to Determine How Much Life Insurance a Physician Needs?

4 Step Guide to Determine How Much Life Insurance a Physician Needs?

Posted on June 2, 2020

As a physician, your family's needs and assets are critical considerations when determining how much life insurance to invest in. Use this four step process to help you calculate how much life insurance you need.

Read More

Physicians, Review These 4 Areas of Your Estate Plan in Light of COVID-19

Physicians, Review These 4 Areas of Your Estate Plan in Light of COVID-19

Posted on May 26, 2020

Physicians are taking time during the COVID-19 crisis to update their finances and important life documents. Here are four estate plan details a physician should focus on in light of the current pandemic.

Read More

Paycheck Protection Program Loan Forgiveness Application – What Businesses Need to Know to Qualify for Forgiveness

Paycheck Protection Program Loan Forgiveness Application – What Businesses Need to Know to Qualify for Forgiveness

Posted on May 19, 2020

Did you receive a Paycheck Protection Program Loan? The SBA recently released the forgiveness application. Here are the important highlights for businesses and self-employed individuals.

Read More

As a Self-Employed Physician, Are You Missing Valuable Tax Deductions? Here are 5 Deductions

As a Self-Employed Physician, Are You Missing Valuable Tax Deductions? Here are 5 Deductions

Posted on May 12, 2020

Are you an independent contract physician or self-employed? We get it, taxes can be daunting. Here's the lowdown on the most common (and valuable) tax deductions freelancers should be aware of.

Read More

3 Benefits for Physicians and Their Practices Besides the Paycheck Protection Program Loan

3 Benefits for Physicians and Their Practices Besides the Paycheck Protection Program Loan

Posted on April 22, 2020

You did not get a Paycheck Protection Loan from the SBA. All hope is not lost. Here are 3 benefits you may be eligible to obtain in these rough economic times.

Read More

Should I Refinance My Mortgage? How the Current Economic Environment Has Provided an Interesting Opportunity

Should I Refinance My Mortgage? How the Current Economic Environment Has Provided an Interesting Opportunity

Posted on April 20, 2020

The average mortgage rate has fallen to an all time low, prompting a wave of refinancing activity. You still have time to evaluate if refinancing make sense for you and to lock in a low rate.

Read More

Should I Invest in Stocks During a Market Decline? Doctors should consider these 5 things first

Should I Invest in Stocks During a Market Decline? Doctors should consider these 5 things first

Posted on April 7, 2020

The recent market downturn can be a beneficial opportunity for doctors. Should you be taking advantage of today's bear market? We'll help make your decision easier with these 5 considerations to use as your GPS.

Read More

The 5 Important Areas where the “CARES ACT” Helps Doctors

The 5 Important Areas where the “CARES ACT” Helps Doctors

Posted on March 31, 2020

As a physician, there are important benefits under the new CARES Act that may help through these difficult times. We outlines 5 important areas.

Read More

4 Actions Doctors Should Consider for Their 401Ks Now

4 Actions Doctors Should Consider for Their 401Ks Now

Posted on March 27, 2020

The past month has been very scary. As a doctor, the disruption to your daily lives, careers and finances has been monumental. But what if someone said to you, “There is always a silver lining”. How would you respond? Opportunities generally present themselves when adversity hits. Do you want to be the one that misses opportunities? Consider these 4 actions for your 401K.

Read More

3 Surprising Reasons for Doctors to Hire a Financial Advisor

3 Surprising Reasons for Doctors to Hire a Financial Advisor

Posted on March 21, 2020

If someone were to say, “it’s time to hire a financial advisor, how would you respond? Maybe it doesn’t seem necessary. Or, maybe you’d feel overwhelmed at the thought of working with someone on your financial life. If so, you’re not alone. But let’s talk about 3 surprising reasons why hiring a financial advisor (aka a financial coach) might be the best thing you ever did for your practice and your personal life.

Read More

3 Common Mistakes Doctors Make When Investing

3 Common Mistakes Doctors Make When Investing

Posted on March 6, 2020

Have you ever wondered if you’re making a big investment mistake (without even knowing it)? Deep breaths. Hopefully you’re not. But whether you’re new to investing or you’ve been in the game for a while, I’d like to talk to you about how to avoid some common mistakes I’ve seen in my 22 years as a financial professional.

Read More

Footer

Sign up to receive insights, resources, and tips straight to your inbox!

Name(Required)

Contact Us

5020 Carnoustie Drive
Presto, PA 15142

Email Us
412-227-9007
855-824-7471

Schedule a Complimentary Consult

Rx Wealth Advisors, LLC’s (“Rx Wealth”) website, including downloading, printing or storing any website content, is exclusively for Rx Wealth Advisors, LLC’s clients and potential clients. Any reproducing or editing by any means, mechanical or electronic, in whole or in part, without the express written permission of Rx Wealth is strictly prohibited and subject to prosecution under U.S. and International copyright and trademark laws.

As a preceding condition to accessing Rx Wealth’s website, each client, prospective client or unaffiliated third-party agrees to release and forever hold harmless Rx Wealth and its related persons, including its officers, directors, owner, employees and agents, from any and all adverse consequences resulting from any actions taken by the website user and/or omissions which are not related to receiving Rx Wealth’s individual counsel.

Copyright © 2023 RX Wealth Advisors

ADV | Terms of Use | Schedule a Meeting | Privacy Policy